Puma Property Finance has provided a loan to GSS Developments (Aberdeen) Ltd to fund the first phase of an urban logistics scheme near Edinburgh Airport.
The project, called EDI Approach, will see 122,000 square feet delivered across 13 units ranging from 4,000 to 20,500 square feet.
GSS acquired the land, secured planning, and began infrastructure works before agreeing the finance with Puma.
The new units will be energy efficient and target net zero carbon, BREEAM ‘Excellent’ and an EPC rating of ‘A+’.
The design includes EV charging, all-electric heating and solar panels.
EDI Approach is the first phase of a wider 700,000 square feet masterplan for industrial and logistics space.
The development is set to complete in Q3 2026 and marks Puma’s first deal with GSS.
Tim Stevenson, director at GSS, said: “We are delighted to have obtained the support of Puma for the delivery of our first set of units at EDI Approach.
“This site is going to provide much needed modern industrial BREEAM Excellent buildings to the Edinburgh occupational market.
“The strategically located site at Newbridge sits minutes from the M9/M8 intersection providing unparalleled road connectivity across Scotland’s Central Belt.”
Stevenson added: “We have found the Puma team very positive partners who are pragmatic in their approach, which made the entire funding process a very smooth experience.”
Rahul Malde, director at Puma Property Finance, said: “We’re delighted to support GSS Developments with this loan facility to bring forward a landmark low-carbon industrial & logistics scheme in a key strategic location near Edinburgh Airport and the City of Edinburgh.
“EDI Approach exemplifies the kind of high-quality, sustainable development we are committed to financing, delivering modern, energy-efficient accommodation that meets the evolving needs of occupiers.
“This marks our first industrial development loan in Scotland and our first partnership with GSS, who have been a pleasure to work with from the outset of this financing.”
